Covid-19 Aftermath of Fashion Luxury Cashmere Clothing Market Upsurging Demand, Growth, Business Insights To 2023

 Nov 30 2020: Synopsis:

The global fashion luxury cashmere clothing market witnessed lucrative growth over the past few years. Cashmere hair is obtained from cashmere goats after combing out the hair fiber, which is used for cloth production. Since cashmere goats are found only in highland areas, which is rare and often expensive. The raw material is light weight, dirt- & water-repellent, and keeps the wearer warmer than ordinary wool clothing.

The global interest in luxury goods have increased manifold and popular brands are keeping up with the scientific developments to ensure product creativity, variety, and excellence. Pullovers, jackets, and scarves are some of the common outfits made using cashmere fiber. Scarf knitting or crocheting are its common applications, which are produced as fully-fashioned and seamless parts.

Drivers:

The market is predominantly driven by the growing influence of knitwear in the fashion industry and has stimulated the luxury cashmere clothing expansion. As a result of the booming fashion industry, luxury manufacturing supply chain has become more global and complex. Therefore, businesses through the development of diffusion brands have expanded their scope and to internationalize their businesses.

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Restraints:

Traditional and fully functioning textile industry has suffered a substantial decline owing to the altering fashion trends. Also, high demand for luxury retail industry exceeds raw material supply as cashmere goats are rare due to their limited feeding habits. As a result of which, the industry players are focusing on bringing in alternatives that can serve as a replacement for cashmere fiber.

Numerous research activities have been carried out to ensure quality of man-made fibers or sheep wool. Hair of Tibetan mastiff and Mongolian sheepdog have been regarded as suitable alternatives, which is set to drive the market growth over the forecast period. Furthermore, Tibetan mastiff hair has been determined to be twice as long as the hair of Mongolian sheepdog. Tibetan mastiff dog is washed, combed, hand-spun to a yarn, and is later knitted and crocheted. This serves as a potential opportunity in terms of futuristic market growth.

Segmentations:

The market has been segmented based on its product type, applications, and sales channel. The product type segment comprises of trousers, coats, dresses, and other. Based on application, the market has been categorized into children, men, and women. Direct channel and distribution channel have been identified as two key sales channels serving the market. The sweaters and coats product segment dominated the global market space over the past few years, owing the increasing variety of sweat types such as formals and casuals.

Regional Outlook:

Geographically, the Fashion Luxury Cashmere Clothing market has been segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America was a prominently growing region and is also expected to witness potential growth during the projected timeframe. Asia Pacific is anticipated be the second fastest-growing region, ascribed to surging disposable income levels and improved lifestyle in emerging countries like India, China, South Korea, and Japan.

Competitive Landscape:

Some of the key players operating in the market includes Snow Lotus, Brunello Cucinelli, Loro Piana, Ermenegildo Zegna, Alyki, Malo, Pringle of Scotland, Autumn Cashmere, SofiaCashmere, TSE, Birdie Cashmere, Ballantyne, Maiyet, GOYO, Gobi, Cashmere Holding, Hengyuanxiang, Erdos Group, Kingdeer, and Zhenbei Cashmere, among others.

The global Fashion Luxury Cashmere Clothing market was valued at $XX million in 2018, and Radiant Research analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028.

This report provides detailed historical analysis of global market for Fashion Luxury Cashmere Clothing from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Fashion Luxury Cashmere Clothing market.

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Leading players of Fashion Luxury Cashmere Clothing including:

• Loro Piana

• Brunello Cucinelli

• Ermenegildo Zegna

• Malo

• Alyki

• Pringle of Scotland

• SofiaCashmere

• Autumn Cashmere

• TSE

• Ballantyne

• Birdie Cashmere

• Maiyet

• Gobi

• GOYO

• Cashmere Holding

• Erdos Group

• Hengyuanxiang

• Kingdeer

• Snow Lotus

• Zhenbei Cashmere

Market split by Type, can be divided into:

• Coats

• Trousers

• Dresses

• Other

Market split by Application, can be divided into:

• Children

• Women

• Men

Market split by Sales Channel, can be divided into:

• Direct Channel

• Distribution Channel

Market segment by Region/Country including:

• North America (United States, Canada and Mexico)

• Europe (Germany, UK, France, Italy, Russia and Spain etc.)

• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

• South America Brazil, Argentina, Colombia and Chile etc.)

• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

Continued……………

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